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2072 169 St North Miami Beach, FL 33162

Sponsored
For Sale
$1,099,000

Four-unit apartment building, high rental potential.

Description

Added:
Dec 11, 2024
Days on Market:
404
This exceptional investment opportunity presents a four-unit multifamily property located at 2072 NE 169th St #12, North Miami Beach, Florida 33162. Built in 1963, this property offers significant upside potential due to below-market rents. The four apartments included in this package deal are currently leased, generating immediate cash flow. Apartment #5 (750 sq ft) commands a monthly rent of $1,800, Apartment #9 (1,025 sq ft) rents for $1,450, Apartment #11 (750 sq ft) brings in $1,550, and Apartment #12 (785 sq ft) leases for $1,350. Many of the leases are month-to-month, allowing for future rent increases to market rates of approximately $2,000 per month per unit. The total asking price for all four units is $1,099,000, representing a compelling value proposition. Each apartment has its own electric meter, and tenants are responsible for their own electricity. A monthly association fee of $400 per apartment covers water and garbage disposal. This property presents a strong investment opportunity with immediate income and significant potential for future appreciation through rent increases. The property is situated in Miami-Dade County, offering convenient access to local amenities and transportation. This is a rare chance to acquire a well-located multifamily property with substantial rental income and growth potential.

Property Features for 2072 169 St

General Information

Property type
Multifamily properties

Building Details

Year Built
1963

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Listing Contact
David Heinrich

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Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
North Miami Beach
County
Miami-Dade
State
Florida
Longitude
-80.1588823
Latitude
25.9313444

FAQs

What type of property is this?
Multifamily property - Four-unit apartment building, high rental potential.
Where is this multifamily property located?
The property is located at 2072 169 St North Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,099,000.
More about this property
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